MNI Asian Morning FI Technical Analysis

11 August 2017

By Kyle Shortland

Click below for today's MNI FI Technical Analysis Report -

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AUSSIE 3-YR TECHS: (U17) 98.010 Support Remains Key 

*RES 4: 98.178 - 55-WMA 

*RES 3: 98.129 - 100-DMA 

*RES 2: 98.111 - 55-DMA 

*RES 1: 98.082 - 200-DMA

*PRICE: 98.050 @ 2130GMT

*SUP 1: 98.018 - 21-DMA 

*SUP 2: 98.010 - Repeated Daily Lows 

*SUP 3: 97.980 - Alternating daily support/resistance 

*SUP 4: 97.940 - Low July 26

*COMMENTARY: The 200-DMA capped and now the 21-DMA is supporting. The 98.010

support remains key with bears needing a close below to confirm an easing of

bullish pressure and to hint at a move back to 97.810-860 with below 97.980

confirming. Correcting O/B studies add weight to the bearish case. Bulls need a

close above the 200-DMA to reconfirm a bullish bias and initially target 55 &

100-DMAs.

AUSSIE 10-YR TECHS: (U17) Bears Need Close Below 21-DMA 

*RES 4: 97.4861 - 55-WMA

*RES 3: 97.4450 - High June 30

*RES 2: 97.4253 - 55-DMA

*RES 1: 97.4058 - 100-DMA

*PRICE: 97.3850 @ 2130GMT

*SUP 1: 97.3323 - 200-DMA

*SUP 2: 97.3148 - 21-DMA

*SUP 3: 97.2500 - Low July 27

*SUP 4: 97.2356 - Bollinger band base

*COMMENTARY: Bulls are struggling with the 100-DMA continuing to cap attempts to

break higher. Bulls need a close above 97.4450 to confirm a break of 55 &

100-DMAs and above the 55-WMA to confirm focus on 97.5200-6750 where 2017 highs

are located. The 21-DMA remains key support with bears needing a close below to

confirm an easing of bullish pressure and shift focus back to 97.1650-2100 where

monthly lows are noted.

US 10-YR FUTURE TECHS: (U17) Bears Need Close Below 126-140

*RES 4: 127-080 - Monthly High June 14 

*RES 3: 127-070 - 200-WMA 

*RES 2: 127-000 - Daily Bull channel top 

*RES 1: 126-290 - High June 26

*PRICE: 126-210 @ 2130GMT

*SUP 1: 126-140 - Hourly support Aug 10

*SUP 2: 126-050 - Low Aug 9

*SUP 3: 126-010 - 21-DMA

*SUP 4: 125-290 - Low Aug 8

*COMMENTARY: Bulls have made up for a lack of follow through Wednesday with a

bounce from the 126-050 support that sees bullish focus now on layers of

resistance 126-290/127-080 where monthly highs and key WMAs are situated. The

Bollinger top (126-190) is the key concern for bulls with potential to limit

follow through. Above 127-080 is needed to target the 100-WMA (128-000). Bears

no need a close below 126-140 to ease immediate bullish pressure.

US 10-YR YIELD TECHS: Bears Focused On 2017 Lows

*RES 4: 2.274 - 21-DMA

*RES 3: 2.258 - High Aug 9

*RES 2: 2.234 - Hourly resistance Aug 10

*RES 1: 2.210 - Hourly support Aug 10 now resistance

*PRICE: 2.201 @ 2130GMT

*SUP 1: 2.177 - High June 21 now support 

*SUP 2: 2.160 - 55-WMA 

*SUP 3: 2.121 - Low June 26 

*SUP 4: 2.103 - 2017 Low June 14

*COMMENTARY: The 2.258 resistance confirmed significance Thursday with the yield

capped ahead of this level before heading sharply lower. The close below 2.212

reconfirms focus on tests of 2017 lows with a close below needed to target

1.991-2.205 where the 100-WMA is noted. Layers of resistance are building with

bulls needing a close above 2.234 to gain breathing room and above 2.258 to

shift focus back to 2.274-289 where key DMAs are noted.

JGB TECHS: (U17) 55-DMA Now Key Support 

*RES 4: 150.74 - 55-WMA

*RES 3: 150.68 - 100-WMA

*RES 2: 150.67 - High June 28

*RES 1: 150.50 - Daily Bull channel top

*PRICE: 150.49 @ 2130GMT

*SUP 1: 150.32 - 55-DMA 

*SUP 2: 150.21 - 21-DMA 

*SUP 3: 150.11 - Low Aug 2 

*SUP 4: 150.06 - Low July 20

*COMMENTARY: Closes above 100 (150.49) and 200 (150.46) DMAs adds support to the

bullish case with focus shifting to layers of resistance 150.67-150.92 where

WMAs are noted. The Bollinger top (150.42) is the key concern for bulls with

potential to limit follow through. The 55-DMA remains initial support with bears

needing a close below to ease bullish pressure and below 150.03 to shift focus

back to 149.52-65.

--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com

[TOPICS: MTABLE]